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Monday, March 7, 2011

Seven groups shortlisted for Polkomtel-sources, (NYSE: BX), (NYSE: KKR), (TLSN)

Around seven groups have been shortlisted for the second round of the multi-billion euro auction for Polkomtel [PTL.UL], Poland's No.2 mobile phone company, people familiar with the matter said on Monday. Binding offers are due next month, the people said, with a joint offer from TPG [TPG.UL] and Blackstone (BX.N) competing with proposals from Apax [APAX.UL], KKR (KKR.N), Providence, Polish tycoon Zygmunt Solorz Zak, TeliaSonera (TLSN.ST) and Telenor TEL.OS. Bankers said early in the process that Polkomtel was worth around 4 billion euros ($5.6 billion), but the people said there was enough appetite in the debt markets to stretch the valuation to at least 5 billion euros if bidders wanted to offer more.

Source